Financial Crime World

Financial Crime Prevention Techniques: A Must-Know for Ireland’s Firms

As financial crime continues to evolve and become increasingly complex, it has never been more crucial for Irish firms to stay ahead of the curve when it comes to prevention techniques. In response to this growing need, the Compliance Institute has launched a Professional Certificate in Financial Crime Prevention.

The Program

Delivered in partnership with IOB, a recognized college of University College Dublin (UCD), the part-time program is designed to equip Money Laundering Reporting Officers (MLROs) and other specialists with the skills and competence necessary to address reputational and compliance risks. With the backing of the Garda Bureau of Fraud Investigation and the Suspicious Transactions Unit in the Office of the Revenue Commissioners, this 10 ECTS award at level 9 on the National Framework of Qualifications is the only accredited qualification of its kind.

Course Content

The program consists of one module, Financial/White Collar Crime Prevention, which forms part of the MSc in Compliance. Students who successfully complete the certificate are exempt from this module if they subsequently decide to apply for the MSc in Compliance.

Upon completion of the Professional Certificate in Financial Crime Prevention, graduates will be able to:

  • Appraise various types of money laundering activities and financial crime perpetrated against financial services providers
  • Examine relevant domestic legislation and how other jurisdictions tackle financial crime
  • Discuss key anti-money laundering controls an organization must implement to manage its obligations
  • Critically evaluate techniques in the management and controls of risks arising from money laundering and financial crime, particularly the use of forensic IT to combat cyber-crime
  • Analyze different methods and behaviors used to investigate a suspected financial crime
  • Consider the role of the compliance professional in the prevention of financial crime in an organization

Learning Approach

The program is designed to equip participants with the specialist skills and competence necessary to address reputational and compliance risks. Participants will learn through an applied approach, utilizing case studies and experienced guest speakers.

Certification and Fees

Upon successful completion of the program, graduates will be awarded the Professional Certificate in Financial Crime Prevention from UCD and will be invited to apply for the CFCP designation (Certified Financial Crime Professional) with the use of designatory letters ‘CFCP’.

The fees for the program are €1,595. Certain companies may be eligible for IFS Skillnet funding, reducing the cost to €1,100. For more information on Skillnet funding, please click here.

Registration and Contact Information

To register for this program, you must be a current member of the Compliance Institute and can do so through IOB. If you have any questions about the Professional Certificate in Financial Crime Prevention or any education program, please contact [email protected].